Topic: GMAC LLC
US Treasury injects 3.8 billion dollars into ailing GMAC
AFP Global Edition
<div><p>The US Treasury announced Tuesday a 3.8 billion dollar fresh capital injection into ailing GMAC, the former finance arm of General Motors that became a bank to access federal rescue aid.</p><p>"Due to a variety of factors ...
Stocks little changed as dollar strengthens
AP Features
<div><p>Stocks ended the next-to-last day of 2009 little changed as welcome news on manufacturing helped offset a drop in commodities prices.</p><p>The market drew support Wednesday from a key economic indicator that signaled growth in Midwest manufacturing for ...
Business Highlights
AP Features
<div><p>Govt gives GMAC $3.8 billion in new aid</p><p>WASHINGTON (AP) — The government is providing a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as it struggles with hefty losses in its home mortgage unit ...
Treasury to dole out $3.8 billion more for GMAC
Reuters US Online Report Business News
<div><p>WASHINGTON (Reuters) - The Obama administration said on Wednesday it would provide GMAC Financial Services an additional $3.8 billion of government aid, raising the government's stake in the company to 56 percent from 35 percent.</p><p>"These actions ...
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